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Capacity Expansion

Tesla's Global BEV Cumulative Production Surpasses 10 Million Units

Tesla's Global BEV Cumulative Production Surpasses 10 Million Units

Tesla officially announced on July 30, 2026, that its 10 millionth pure electric vehicle rolled off the production line globally, making it the first automaker in the world to exceed the 10-million-unit mark in BEV production. From the first Roadster prototype in 2006 to 10 million units, Tesla took exactly 20 years. The Shanghai Gigafactory contributed nearly half of global output, while Leapmotor Chairman Zhu Jiangming candidly admitted that building cars requires at least 20 billion yuan, sparking industry reflection on the true cost of vehicle manufacturing.

1251 day ago
Xiaomi Auto Avg Price 235K Yuan, CFO Says Losses Are Temporary

Xiaomi Auto Avg Price 235K Yuan, CFO Says Losses Are Temporary

Xiaomi Group's Q1 2026 financial report shows its auto business achieved an average selling price of 235,000 yuan with quarterly deliveries of 81,000 units. CFO Alain Lam addressed losses, citing massive upfront investments and not-yet-realized scale effects. Auto business gross margin reached 5.4%, improving from the previous year. Cumulative R&D investment exceeds 12 billion yuan, with Beijing factory capacity ramping toward an annual target of 300,000 units.

52766 days ago